Analysis: amendments to Papua New Guinea’s Mining Act and Oil and Gas Act

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The Parliament of Papua New Guinea has passed a series of amendments targeting the mining, oil and gas industries. Law firm Allens examines the significance of these amendments and the likely next steps.

Fair split: finding an oil and gas model that works in Papua New Guinea

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Papua New Guinea is making changes to its approach to oil and gas projects, suggesting the country gets a worse share of revenues than other comparable producing nations. John Chambers, General Manager of PNG LNG venture partner Santos, has considered some of the options used internationally.

Oil and gas prices recover: our monthly review of Papua New Guinea’s commodities and financial markets

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Oil and LNG prices have recovered to some extent and copper has also bounced back. Palm oil prices have strengthened but cocoa is weaker. Business Advantage PNG’s monthly overview of commodity and financial markets.

Oil change: Marape to alter Papua New Guinea’s oil and gas legislation

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Prime Minister James Marape has introduced changes to Papua New Guinea’s oil and gas law, claiming it will benefit the country’s ‘national interest’. The changes may well represent a major shift in the way projects are developed in the future.

Oil rebounds, LNG stabilises and palm oil up: our monthly review of Papua New Guinea’s commodities and financial markets

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The oil price has been extremely weak but the fall in LNG prices has stabilised and palm oil is up: a monthly review of Papua New Guinea’s commodities and financial markets. Business Advantage PNG’s monthly overview of commodity and financial markets.

Boardroom briefing: COVID-19 data security risks, oil price goes negative and China’s digital future

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The COVID-19 risks business may not be thinking about, the US oil price is negative for the first time ever and COVID-19 accelerates China’s digital future. Readings from around the world on business, leadership and management.

What the oil price shock means for Papua New Guinea

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Analysts have contrasting views on the effect of the oil price war between Russia and Saudi Arabia on long-term oil and gas projects in Papua New Guinea. David James considers these, and the likely impact on domestic petrol and diesel prices.

Boardroom briefing: the growth of ‘wellness tourism’, oil sector virus threat and plastic bag woes

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Papua New Guinea tourism could benefit from new ‘wellness’ trend, OPEC worries over coronavirus effect and plastic bag woes. Readings from around the world on business, leadership and management.

Oil strong, LNG falls but palm oil jumps sharply [commodities]

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Oil and palm oil prices have strengthened but LNG continues to fall. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.

Oil and LNG prices weaker but precious metal up: a monthly review of Papua New Guinea’s commodity and financial markets

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Oil, LNG and gas prices are weaker but precious metals are slightly up. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.